Question

what was the cause of economic crisis in Germany?

Answer 1

Because of great depression
Because of world wars
People r not educated
Hopes this helps u dear

Answer 2

During the years 1846-1849 several economic crises overlapped: an agrarian crisis of the years 1846-47; against the background the e arly industrialization since the second half of the 1830s a structural crisis of the urban trades; a cyclical business crisis that became noticeable in the German states in late 1847; and a resultant credit and financial crisis.

The harvests of 1845 and 1846 were very poor. In addition a potato blight raged. As a result of grain and potato scarcity the cost of basic commodities dramatically increased, especially in the spring of 1847. Besides village and urban poverty which already had turned to pu blic or private charity, artisans were especially hard hit. Formerly prosperous masters were impoverished; journeymen and the autonomous mass artisans suffered chronic undernourishment and particularly in the spring of 1847 often had to go hungry on a regular basis. In the first half of 1847, inflation and pauperization in numerous Prussian and south German states led in turn to bread riots and hunger revolts, directed against usurers and grain speculators and often could only be brought under control by massive deployment of troops. The bumper harvest of the fall of 1847 ended the last preindustrial variety of economic crisis. Most contemporaries were conscious of the agrarian crisis far more clearly than the consequential business crisis, which began at the end of 1847 in England and spread to the continent, partially occasioned by the reduced demand for textiles against a background of a reduction in real wages